As expected, the sudden surge of $BTC yesterday was indeed due to smart funds positioning themselves in advance, and major news was officially announced this morning. It is reported that the son of the U.S. Secretary of Commerce is leading a consortium with SoftBank, Tether, and Bitfinex, aiming to establish a Bitcoin investment fund with a scale of $3 billion. This consortium plans to emulate MicroStrategy's model by continuously raising funds to keep buying Bitcoin.
In this investment plan, SoftBank will invest $900 million, and Tether will contribute $1.5 billion. After heavily promoting in the AI field, Masayoshi Son has now turned his attention to the cryptocurrency sector.
